Thirty years ago, the stock market crashed. People were terrified. Could it happen again?
Today's CNBC commentators weigh in:
1987 Market Crash: Could It Happen Again?
Gessen: My argument is basically that our Reichstag fire—and the Reichstag fire, as I’m sure you know, is, in 1934, the Reichstag, the parliament building in Berlin, burned, and Hitler, who had just recently been appointed chancellor, used it as a pretext for restricting political freedoms in really profound ways, in ways that—to create a state of exception, what his favorite legal theorist, Carl Schmitt, called a state of exception, which is when the sovereign claims extraordinary power.
Well, I think that that has all happened in this country, and it happened in the wake of September 11th. The state of emergency that went into effect three days after September 11th has never been lifted. It was renewed by President Obama every September for seven years of his presidency, the seven Septembers that he was president. We continue to be in the state of emergency. The War Powers Act passed with one dissenting vote three days after September 11th, continues to be in effect and has been used by President Obama and now by President Trump. And there’s also been a 16-year run of concentrating—increasing concentration of power in the executive branch—under George W. Bush, basically, in the interest of shoring up more military and surveillance power; under President Obama, for some of the same and some other reasons, having to do with a Congress that was intent on paralyzing him. But basically, I think that chain of events did a lot to create the possibility of Trump, to create the very possibility of a politician who could run for autocrat in this country and get elected.
|Photo Reuters via New York Times|
Books serve to show a man that those original thoughts of his aren’t very new after all.
The commonwealth’s financial woes didn’t happen by accident—they were the result of decades of public immiseration and private gain.
|Left to right: Aleksei Kosygin, Lyndon Johnson|
|Nature watches and waits.|
Monday was the first anniversary of the Pulse nightclub shooting in Orlando that left 49 dead. Saturday will be the second anniversary of the church shooting in Charleston, S.C., where nine were murdered at Bible study.
In between these two somber remembrances, House Republicans will be commemorating the occasion in their own way: They will begin work relaxing restrictions on firearm silencers — thereby making it easier for shooters to shoot without being noticed.
To this injury, the legislators add insult with the bill’s name: a provision of the “Sportsmen’s Heritage and Recreational Enhancement Act” called the “Hearing Protection Act” — as if it were subsidizing earplugs. That’s like calling legislation that expands the availability of machine guns the “Carpal Tunnel Protection Act” because it spares would-be shooters the repetitive motion of trigger pulling.
Voter suppression tactics, not Russian hacking, stole the election for Trump
Below is an excerpt from an e-mail I recently received from the Democratic Governors Association. This group of fine Democratic governors tells the truth about Election 2016. It is evidence that the so-called resistance to Trump needs to move to states under Democratic control.
Voter suppression helped give Trump the presidency, Friends:
A new report shows that Wisconsin's voter ID law suppressed MORE THAN 200,000 VOTES, while Trump won by less than 23,000. Voter suppression helped Trump take the presidency, and now he's doing everything he can to undermine our democracy.
... And Republicans in Congress are rolling over and letting Trump's corruption go unchecked.
Voter suppression could cost us our democracy if we don't fight back!
Our Voter Protection Project is on the ground fighting to restore voting rights and build a Democratic firewall against Trump's destructive policies....
The e-mail was part of a fund-raising effort.
Rush Link -- Bill Clinton on Rise of Nationalism